$650,000
●
House -
Off Market
2012 Shipway Avenue
Long Beach, CA 90815
4 Beds
2 Baths
1,931 Ft²
$1,049,421
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model
About This Property
Opportunity knocks to make it your own in the popular EL Dorado
Park South Neighborhood. This is the first time this home has been
for sale since the original owner purchased it in 1953. This home
needs some TLC, but there is newer flooring in two of the bedrooms
and newer windows throughout the home. One of the bathrooms has
been updated. The owner added an AC unit a few years ago. There is
a possibility for a pool as the original owner covered it with
dirt. Close proximity to El Dorado Golf Course, El Dorado Park,
schools including CSULB. restaurants and shopping centers. This
home is well kept but needs some work throughout. This home is to
be sold as is. No warranties will be given on the condition of the
home and no credits or repairs will be given as well. No offers
will be accepted without viewing the property first.
Unit Size
1,931 Ft²
Days on Market
50 days
Land Size
0.14 acres
Price per sqft
$341
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #PW17172581)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $799,900 | |
| Listed | |||
| | |||
|
This El Dorado Park South home is everything that you wished for and more! It's quiet, great for raising your family, and private, yet -- it's close enough to all the greatest amenities that the city of Long Beach has to offer. This is your chance to purchase one of the largest, newly remodeled homes in the area, with paint so fresh, you can almost smell it! This charming property is a rare find -- a custom-built Craftsman home that offers you the unique look-and-feel of living in one of LA's most iconically styled homes, while having the luxury of modern upgrades. With a spacious, open floor-plan, BRAND NEW windows, roof, beachy wood flooring and bathroom vanities to name a few, this 4 bedroom, 2 bath, 1900+ sq.ft. home exudes all the comforts and finesses of the So-Cal beach lifestyle. Whether your deal day consists of enjoying concerts at the Park, bicycle riding to the beach, shopping at the nearby Marina, or simply curling up in the cozy family room with a book and cup of joe, this home has something to offer for everyone. Don't let this opportunity pass you by like a morning fog -- slide down to 2012 Shipway today! The manager has listed the unit size as 1931 square feet.
| |||
| Sep 5, 2018 | Sold | ||
| Sold | |||
| Jul 20, 2018 | Listed by Shinn Real Estate Group | $799,900 | |
| Listed by Shinn Real Estate Group | |||
| | |||
|
This El Dorado Park South home is everything that you wished for and more! It's quiet, great for raising your family, and private, yet -- it's close enough to all the greatest amenities that the city of Long Beach has to offer. You may even meet the cast of Glee as they filmed their show here! This is your chance to purchase one of the largest, newly remodeled homes in the area, with paint so fresh, you can almost smell it! This charming property is a rare find -- a custom-built Craftsman home that offers you the unique look-and-feel of living in one of LA's most iconically styled homes, while having the luxury of modern upgrades. With a spacious, open floor-plan, BRAND NEW windows, roof, beachy wood flooring and bathroom vanities to name a few, this 4 bedroom, 2 bath, 1900+ sq.ft. home exudes all the comforts and finesses of the So-Cal beach lifestyle. Property also features 2 seating areas and 2 dining rooms with drought tolerant, low maintenance landscaping! Whether your ideal day consists of enjoying concerts at the Park, bicycle riding to the beach, shopping at the nearby Marina, or simply curling up in the cozy family room with a book and cup of joe, this home has something to offer for everyone. Don't let this opportunity pass you by like a morning fog -- slide down to 2012 Shipway today!
| |||
| Sep 15, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
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HOA + Taxes
About East End
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Listed by: Rick Skarbo, Main Street Realtors
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17172581
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17172581
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